These prestigious annual awards celebrate individuals and organizations making a lasting impact on Africa’s oil, gas and energy sectors, driving progress toward continent-wide energy security.
Egyptian Minister for Petroleum and Mineral Resources, Karim Badawi, has met with BP’s Executive Vice President of Gas & Low Carbon Energy William Lin to review the company’s latest activities in Egypt including the exploration and production for natural gas.
According to ANPG, there are currently 28 licensing opportunities available – including six onshore blocks, ten blocks on permanent offer, eight offshore blocks under the 2025 bidding round, and four block opportunities with discoveries.
Recent regulatory reforms have positioned the country as a highly competitive market for foreign investment. With a 2025 licensing round expected to open in Q1 next year, the country offers a wealth of opportunity for upstream firms
OPEC member Libya plans to offer blocks both onshore and offshore in the tender expected by the end of 2024 or in early 2025, the official told Bloomberg.
There has been a 55.6 percent increase in revenue received for the period as a result of higher production, which recorded over 10 percent increase.
This is a result of a prudent governance system and efficient operational practices introduced by the Board and Management of the Company over the past four years.
The potential of artificial intelligence (AI) to transform the energy industry and accelerate decarbonisation has emerged as a critical topic of conversation amongst energy ministers and business leaders, as was made clear at the world’s largest energy event, ADIPEC 2024.
While the OPEC+ group is trying to manage oil supply to the market, the world’s largest international oil companies are raising their production, with the U.S. supermajors hitting record highs.
U.S. natural gas production surged by an impressive 94%, and by 2009, oil production also turned a corner, ultimately soaring by 170%.